PanAmSat

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PanAmSat (now owned by Intelsat)

Type	Satellite communication
Founded	1984 (merged with Intelsat Corp. June 20, 2006)
Headquarters	Greenwich, Connecticut  USA
Industry	Satellite communication
Website	www.intelsat.com

The former PanAmSat Corporation founded in 1984 by Reynold (Rene) Anselmo, was a satellite service provider headquartered in Greenwich, Connecticut. It operated a fleet of communications satellites used by the entertainment industry, news agencies, internet service providers, government agencies, and telecommunication companies.

PanAmSat effectively broke the monopoly on international satellite communications which was held by Intelsat, an international treaty-based organization founded and owned by several countries including the United States. PanAmSat, led by Anselmo, successfully lobbied the United States Congress to permit it to operate globally, competing against Intelsat. PanAmSat (and Anselmo) became famous for full-page advertisements in the Wall Street Journal depicting Spot, the PanAmSat mascot, urinating on politicians' legs. The company's motto was "Truth and Technology Will Triumph Over Bullshit and Bureaucracy."

Following the death of Rene Anselmo in 1995^[1], his widow Mary Anselmo controlled the company for a time. PanAmSat was sold to Hughes Electronics, a division of General Motors, in a $3 billion cash and stock deal. The satellite operations continued to be under PanAmSat with Hughes being the majority shareholder. In May 1997, Hughes Communication Galaxy merged with PanAmSat, adding 9 more satellites to its fleet. In 2003, News Corporation purchased Hughes Electronic's PanAmSat division and on April 24, 2004 sold PanAmSat to a consortium of private equity firms in an leveraged buyout including Kohlberg Kravis Roberts & Co. (KKR), Carlyle Group and Providence Equity Partners for $4.3 billion.

Contents 1 2004 leveraged buyout 2 Satellite Fleet 3 External links 4 References

[edit] 2004 leveraged buyout

KKR led the 2004 leveraged buyout by purchasing a 44% stake in the company. Carlyle and Providence each invested 27% with management representing the remainder of the equity. The consortium invested only $550 million in equity, financing the remainder through bank loans and bonds. The transaction closed in August 2004. One month after the buyout, the company issued an additional $250 million in discount notes which were used to pay the consortium dividends. Three months later, PanAmSat filed an initial public offering with the Securities and Exchange Commission (SEC).

In an ironic twist of fate, its private equity owners sold PanAmSat to its arch rival Intelsat in August 2005 for a total of $4.3 billion in a deal finally consummated in July 2006. At the time of its sale, PanAmSat was the world's leading carrier of TV channels. In combination with Intelsat (which had also gone private under private equity ownership in 2000), the new company — called Intelsat — is the world's largest commercial satellite company, with 53 spacecraft serving over 200 countries, with nearly 1400 employees. Global headquarters for the company is Washington, D.C. under the leadership of CEO David McGlade.

In March 2007, Forbes magazine estimated the net worth of Rene Anselmo's widow, Mary Anselmo at $1 billion. Anselmo, 78, lives in Greenwich, Connecticut.^[1]

[edit] Satellite Fleet

Satellite	Manufacturer	Type	Launch Vehicle	Launch Date	Status	Notes
SBS 1	Hughes	HS 376	Delta	1 Nov 1980	Retired Jan 1990
SBS 2	Hughes	HS 376	Delta	1 Sep 1981	Retired Sept 1996
SBS 3	Hughes	HS 376	Space Shuttle Columbia STS-5	11 Nov 1982	Retired June 1995
Galaxy 1	Hughes	HS 376	Delta	1 Jun 1983	Retired 1 Apr 1994
Galaxy 2	Hughes	HS 376	Delta	1 Sep 1983	Retired May 1994
SBS 4	Hughes	HS 376	Space Shuttle Discovery STS-41-D	30 Aug 1984	Retired Aug 1999
Galaxy 3	Hughes	HS 376	Delta	1 Sep 1984	Retired Oct 1995
PAS 1	General Electric	GE-3000	Ariane 44LP	15 Jun 1988	Retired Feb 2001
SBS 5	Hughes	HS 376	Ariane 3	1 Sep 1988	Retired Mar 2000
SBS 6	Hughes	HS 393	Ariane 44L	1 Oct 1990	Active
Galaxy 6	Hughes	HS 376	Ariane 44L	12 Oct 1990	Retired Feb 2003
Galaxy 5	Hughes	HS 376	Atlas I	14 Mar 1992	Retired Jan 2005
Galaxy 1R	Hughes	HS 376	Atlas I	22-Aug-92	Launch failure 22 Aug 1992	Launch failure 22 August 1992
Galaxy 7	Hughes	HS 601	Ariane 42P+	27 Oct 1992	on orbit failure Nov 2000
Galaxy 4	Hughes	HS 601	Ariane 42P+	1 Jun 1993	on orbit failure May 1998
Galaxy 1R	Hughes	HS 376	Delta II (7925-8)	19 Feb 1994	Retired 7 Mar 2006
PAS 2	Hughes	HS 601	Ariane 44L	8 Jul 1994	Active Dec 2008
PAS 3	Hughes	HS 601	Ariane 42P	1 Dec 1994	Launch failure 1 Dec 1994	Launch failure 1 December 1994
PAS 4	Hughes	HS 601	Ariane 42L+	3 Aug 1995	Active
Galaxy 3R	Hughes	HS 601	Atlas IIA	1 Dec 1995	on orbit failure Mar 2006
PAS 3R	Hughes	HS 601	Ariane 44L	12 Jan 1996	Active
Galaxy 9	Hughes	HS 376	Delta II (7925)	12 Jun 1996	Active
PAS 6	Space Systems Loral	FS 1300	Ariane 44P	8 Aug 1997	on orbit failure Apr 2004
PAS 5	Hughes	HS 601 HP	Proton-K	27 Aug 1997	Active
Galaxy 8i	Hughes	HS 601 HP	Atlas IIAS	8 Dec 1997	Retired Oct 2002
Galaxy 10	Hughes	HS 601 High Power	Delta III	26 Aug 1998	Launch failure 26 Aug 1998	Launch failure 26 August 1998
PAS 7	Space Systems Loral	FS 1300	Ariane 44LP	15 Sep 1998	Active
PAS 8	Space Systems Loral	FS 1300	Proton-K	4 Nov 1998	Active
PAS 6B	Hughes	HS 601 HP	Ariane 42L	21 Dec 1998	Active
Galaxy 11	Hughes	HS 702	Ariane 44L	21 Dec 1999	Active
Galaxy 10R	Hughes	HS 601 HP	Ariane 42L	24 Jan 2000	Retired May 2008
Galaxy 4R	Hughes	HS 601 HP	Ariane 42L	18 Apr 2000	Retired Jul 2006
PAS 9	Hughes	HS 601 HP	Sea Launch Zenit-3SL	28 Jul 2000	Active
PAS 1R	Hughes	HS 702	Ariane 5 G	15 Nov 2000	Active
PAS 10	Hughes	HS601 HP	Proton	15 May 2001	Active
Galaxy 3C	Hughes	HS 702	Sea Launch Zenit-3SL	15 Jun 2002	Active
Galaxy 12	Orbital Sciences Corp	Star-2	Ariane 5 G	9 Apr 2003	Active
Galaxy 13	Hughes	HS 601 HP	Sea Launch Zenit-3SL	1 Oct 2003	Active
Galaxy 14	Orbital Sciences Corp	Star-2	Soyuz-FG/Fregat	14 Aug 2005	Active
Galaxy 15	Orbital Sciences Corp	Star-2	Ariane 5 GS	14 Oct 2005	Active	WAAS payload

[edit] External links

• Official website
• Space.com article

[edit] References

Coordinates: 38°56′30″N 77°03′49″W / 38.94167°N 77.06361°W / 38.94167; -77.06361